Weaker Opening
Stocks appeared set to open lower
Tuesday.
RF Micro Devices
(
RFMD |
Quote |
Chart |
News |
PowerRating) announced
that it has entered a cross supplier agreement with Hitachi Ltd.
(
HIT |
Quote |
Chart |
News |
PowerRating) where
Hitachi will design and make modules for RFMD’s products. In return, RFMD will
design and supply semiconductor wafers for Hitachi’s modules.
Nokia
(
NOK |
Quote |
Chart |
News |
PowerRating) reported that it is
comfortable with Q4 2001 guidance and announced an annual sales growth target of
approximately 15%.
Flir Systems
(
FLIR |
Quote |
Chart |
News |
PowerRating) said that it
plans to register $40 million in common stock.
Credit Suisse First Boston upgraded
Tech Data
(
TECD |
Quote |
Chart |
News |
PowerRating) from Hold to Buy after the company reported earnings which
beat analysts’ estimates late yesterday.
Lehman Brothers initiated coverage on
Casella Waste
(
CWST |
Quote |
Chart |
News |
PowerRating) at Strong Buy and put a 12 month price target of $19
on the stock.
Protein Design Labs
(
PDLI |
Quote |
Chart |
News |
PowerRating) has
received five additional cancer antibody targets from Exelixis
(
EXEL |
Quote |
Chart |
News |
PowerRating) in
their ongoing oncological collaboration.
Tibco Software
(
TIBX |
Quote |
Chart |
News |
PowerRating) has entered
into a worldwide agreement with Siemens Power Transmission and Distribution to
develop software for energy companies.
Merrill Lynch downgraded Business
Objects
(
BOBJ |
Quote |
Chart |
News |
PowerRating) from Accumulate to Near-Term Neutral citing valuation
concerns.
Robertson Stephens downgraded TMP
Worldwide
(
TMPW |
Quote |
Chart |
News |
PowerRating) from Buy to Market Perform.
Level 3 Communications
(
LVLT |
Quote |
Chart |
News |
PowerRating) and
America Online
(
AOL |
Quote |
Chart |
News |
PowerRating) have entered a new multi-year agreement where AOL will
purchase LVLT’s 3-Link Global Wavelength and 3-Center Colocation services.
Â
Â